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India and Chinese Gold Reserves are at all-time highs
Source: Barchart, Bloomberg Opinion
The gold-to-oil ratio just hit its highest level ever on the monthly chart—excluding the COVID spike.
Could the mining companies be the biggest beneficiaries? This directly impacts their margins, which are expanding significantly as metal prices climb. As pointed out by Tavi Costa, Gold is up nearly $1,000/oz from a year ago, while production costs have risen only about $100–$200/oz, depending on the mine. Source: Crescat Capital, Bloomberg
This is what is going on inside the Big 3 vaults. No comment necessary.
Source: www.zerohedge.com
Gold has been truly one of the GREATEST assets over the last few years, widely outperforming the S&P 500:
🔴 1-year performance: Gold +41% S&P 500 +21% 🔴 3-year: Gold +59% S&P 500 +34% 🔴 5-year: Gold +84% S&P 500 +80% Source. Global Markets Investor
JUST IN 🚨: Gold jumps to a new all-time high and has now made fresh all-time highs in 5 consecutive trading sessions
Source: Barchart
60 years of Gold and Silver price spikes.
Source: Rick Rule Rhetoric @RickRuleRulz
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